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July 22, 2019 07:01 pm GMT
Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/bU-iF_lpBYg/
How the FTC let Mark Zuckerberg off the hook
Facebook's FTC headache will soon be over and it looks like Mark Zuckerberg will emerge unscathed.
The Federal Trade Commission will formally announce its record-setting $5 billion fine against Facebook this week, according The Wall Street Journal.
The fine, the result of the FTC's long-running investigation into the social network's privacy practices following Cambridge Analytica, will be the largest the agency has ever brought against a tech company. Still, many critics have already said the fine does not go far enough to punish Facebook, which took in more than $15 billion last quarter alone. (Facebook's stock actually rose following news of the fine earlier this month.) Read more...
More about Tech, Facebook, Mark Zuckerberg, Ftc, and Social Media CompaniesOriginal Link: http://feeds.mashable.com/~r/mashable/tech/~3/bU-iF_lpBYg/
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